State Street Corp Sells 317,380 Shares of Paramount Group, Inc. (NYSE:PGRE)

State Street Corp cut its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,182,781 shares of the financial services provider's stock after selling 317,380 shares during the quarter. State Street Corp owned 3.76% of Paramount Group worth $40,259,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in Paramount Group by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider's stock worth $4,829,000 after purchasing an additional 63,789 shares during the period. Van ECK Associates Corp raised its position in Paramount Group by 7.0% in the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider's stock valued at $156,000 after buying an additional 2,202 shares during the last quarter. Arizona State Retirement System grew its position in Paramount Group by 8.6% in the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider's stock worth $225,000 after purchasing an additional 3,873 shares in the last quarter. Ballentine Partners LLC grew its stake in Paramount Group by 42.8% in the 2nd quarter. Ballentine Partners LLC now owns 36,018 shares of the financial services provider's stock valued at $167,000 after purchasing an additional 10,801 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Paramount Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider's stock worth $10,696,000 after acquiring an additional 15,806 shares during the period. Institutional investors and hedge funds own 65.64% of the company's stock.

Paramount Group Trading Up 3.7 %

NYSE:PGRE traded up $0.17 during trading hours on Friday, hitting $4.81. The company had a trading volume of 2,918,533 shares, compared to its average volume of 1,094,670. The stock has a 50-day moving average price of $4.96 and a 200 day moving average price of $4.90. The company has a market capitalization of $1.05 billion, a PE ratio of -4.91 and a beta of 1.23. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a 52 week low of $4.21 and a 52 week high of $5.47.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upped their price target on shares of Paramount Group from $3.50 to $4.00 and gave the company an "underweight" rating in a research note on Wednesday, September 11th.

About Paramount Group

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.